Norges Bank Real Estate Management (NBREM) has bought a Central London office property, occupied by Amazon, for £321.3m ($419 million).
NBREM, which manages Norway’s NOK8.4 trillion ($1.03 trillion) sovereign wealth fund, acquired the Sixty London property located on 60 Holborn Viaduct from VGV Immobilienfonds II, a fund managed by Union Investment Institutional Property.
Sixty London was acquired in 2014 by real estate investment firm Hines on behalf of the German fund VGV.
The property comprises 219,000 square feet of office space and 17,000 square feet of retail space across five units.
